our forever patch challenge
sammy70
Forumite 904 Posts
well, this week sees the new start to my mortgage free plans. After 18 months clearing debts, then paying for our wedding, which took most of our hard earned savings, we are at the beginning again.
Due to restructure at work, OH is on a reduced monthly pay, so the savings are even more of a challenge!
Our plan is over the next two-three years, build up savings , and make over payments, untill we have enough saved to clear the outstanding balance owed on our mortgage, then sell this house, and use the sale proceeds as deposit on our "forever home", we really want somewhere with an acre or so of land, to allow me to have my own horse again, and OH to have garage/workshop he has always wanted.
we both get paid this week, i will open new savings online, and let the challenge to get our new home begin!, we get married on Friday, this will be the start of our married life adventure too, !!
Due to restructure at work, OH is on a reduced monthly pay, so the savings are even more of a challenge!
Our plan is over the next two-three years, build up savings , and make over payments, untill we have enough saved to clear the outstanding balance owed on our mortgage, then sell this house, and use the sale proceeds as deposit on our "forever home", we really want somewhere with an acre or so of land, to allow me to have my own horse again, and OH to have garage/workshop he has always wanted.
we both get paid this week, i will open new savings online, and let the challenge to get our new home begin!, we get married on Friday, this will be the start of our married life adventure too, !!
current official end date of mortgage= 2037-aiming for 2030 mortgage balance start of challenge- 25/11/2016 £245,695 mortgage balance 24/12/22 - £155,750 2023 challenge- get mortgage balance to £135,000 by xmas eve 2023, and a years outgoings in premium bonds again
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Ive just made the first overpayment of my challenge- £55.14!
Im hoping this diary will keep me motivated, and will be some thing to track my progess to our new life in our forever home.
Next week after our "honey moon", i plan to organise all our savings pots using online savings, for emergency fund, house savings, and house hold/diy savings.
I cant wait to get stuck into this new challenge!:j
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Just doing last minute wedding preparations today, very exciting
Im hoping to do full S.O.A Tuesday next week, but have no idea how to set up my signature for targets etc, help would be really appreciated..:)
HTH!
Cal
Im looking forward to the challenge, and everyone on this forum are such an inspiration, ive followed quite a lot of threads on here for years, so its about time i got stuck in to my own !
Last minutepreparations/ panics today in preparation for our wedding tommorow, cant wait!! fingers crossed for sunshine..:rotfl:
xSammyx
I'm sure you are busy... but how was it?
The day was perfect, everything wehad hoped for..
We have had a lovely long weekend in a 12th century inn in the middle of the derbyshire moors, four poster bed, lovely deep bubble baths, very romantic!
X :jsammy X
Owed at the end of -
02/19 - £78,400. 04/19 - £85,000. 05/19 - £83,300. 06/19 - £78,900.
07/19 - £77,500. 08/19 - £76,000.